Our Future Together: Caring Never Changes
The Future of Healthcare East of the River
Looks Better Than Ever
On May 12, 2014, Corporators of Eastern Connecticut Health Network (ECHN) voted favorably on the health system's proposed Asset Purchase Agreement (APA) between ECHN and a historic joint venture between Tenet Healthcare Corporation (Tenet) and Yale New Haven Health System (YNHHS).
Ninety-one percent of the Corporators who submitted proxies or voted in person supported the APA, which will allow ECHN to continue to fulfill its mission, to provide high-quality and compassionate healthcare, for generations to come. In addition, the proposed transaction will strengthen ECHN in a time of challenging and continuous change to our state and national healthcare infrastructures. The proposed sale to the new joint venture will make ECHN stronger and allow us to continue our mission. It will ensure that healthcare will remain close to home for our patients and sustainable for years to come.
The legislation enacted by the Connecticut State Legislature and signed into law by Governor Dannel Malloy effectively changed state law to allow "not-for-profit hospitals" to be sold to "for profit" or investor-owned healthcare entities. There are certain state and federal regulatory requirements that ECHN, Tenet and YNHHS must meet, which include Certificate of Need (CON) approvals by the Attorney General and the Office of Health Care Access. The CON process includes additional public hearings to allow for continued community input. In addition, we will make antitrust filings to the Attorney General, The Federal Trade Commission and the Justice Department.
The regulatory process in the coming 12-18 months will also make more specific information about our proposed transaction available to the public. ECHN will work diligently with state and federal regulators to meet all criteria required for final approval of the proposed transaction. We are encouraged by the support and thoughtful input from our Medical Staff, Corporators, Trustees and our dedicated employees. We are committed to keeping ECHN moving forward to better serve our communities and patients in a way they expect and deserve.
Healthcare is changing, but at ECHN, Caring Never Changes.
Health care is changing,
but our commitment to the community never will.
In August 2013, the ECHN Board of Trustees announced that it had moved forward with a non-binding letter of intent (LOI) to negotiate the sale of ECHN to a newly formed partnership between Tenet Healthcare Corporation (formerly Vanguard Health Systems) and Yale New Haven Health System (YNHHS).
We are committed to keeping this entire acquisition process transparent. This section of our website has been created to keep you informed of the latest news, public forums, additional information pertaining to changes in health care and a way to contact us with your feedback or any questions you may have.
We feel strongly that the corporations and individuals associated with this acquisition share in our values and commitment to caring for the local community. We hope that the decision to partner with Tenet and Yale New Haven will have your support.